In April 2010 the Denmark-based global furniture retail giant JYSK Group will open its first retail outlet and China headquarters in Yangpu District, Shanghai, marking the start of its plan to realize the goal of opening 500 outlets across China step by step.
Danish JYSK Group and Shanghai's Metropolitan Industrial Economy Park Wu Jiao Chang (Group) recently signed an agreement on a cooperation and investment project.
Vice director of the People's Government of Yangpu district in Shanghai Ma Jiefu said at the signing ceremony that the district has already become a key strategic zone for domestic and overseas investors. He also noted that not only does the Denmark-based JYSK Group's successful entry into the industrial economy park add new vitality to the business prosperity of Yangpu District, but it also adds a new element to Shanghai's theme of "Better City, Better Life" in 2010 Shanghai World Expo.
Reporters learned that since 1979, Denmark's JYSK Group has already set up 1500 outlets in 23 countries around the world including Denmark, Sweden and Norway, and has a total of almost 14,000 employees and nearly 2 billion euros in annual business revenue.
The official responsible for the JYSK Group's operations in China said that the group plans to increase the number of outlets to between 6 and 10 within six months. As of the end of 2010, it will expand its presence in China at a pace of one outlet per month.
By People's Daily Online